SELLER Seller's Attorney: $900 and up Managing Agent Fee: $275 and up Move out deposit*: $500 and up New York State Transfer Tax: .4% (.004) of price Miscellaneous Title Company Fees: $200 Payoff Bank Attorney: $300 and up Broker: Commission (percentage of sale as agreed to by Agent and Seller) BUYER Purchaser's Attorney: $900 and up Bank Fees: - Points 0-3% of loan value - Application, credit, appraisal, bank attorney, and misc $1,600 - Short-term interest One month max -Tax escrows 2-6 months Recording Fees: $200, $17/document and $5/page Mortgage Tax: 1.80% of amount of mortgage on loans under $500,000; 19255% of amount of mortgage on loans over $500,000 Fee Title Insurance: Approximately $450 per $100,000. $2,082 for $400,000 Contract Mortgage Title Insurance: Approximately $200 per $100,000. $1,745 for $400,000 Contract Misc. Title Changes: $300 Move-in deposit*:$500 and up Managing Agent Fee: $250 and up Adjustments: - Real estate taxes 1 to 3 months - Mansion Tax 1% of price when price exceeds $1,000,000 CLOSING COSTS CO-OPERATIVES SELLER Seller's Attorney: 900 and up Coop Attorney: $450 and up Stock Transfer Tax: $.05 per share Move out deposit*: $500 and up New York State Transfer Tax: .4% (.004) of price Payoff Bank Attorney: $350 UCC-3 Filing Fee: $30 Broker: Commission (percentage of selling price as agreed to by Seller and Agent) BUYER Purchaser's Attorney: $900 and up Bank Fees: - Points: 0-3% of Loan Value - Application, credit, appraisal, bank attorney and misc $1,600 (Short-term interest One month max) Move-in deposit: $1,000 Managing Agent or Coop Attorney (recognition Agreement Fee): $200 Lien Search: $250 - $350 Maintenance adjustment: One month max Mansion Tax: 1% of price when price exceeds $1,000,000. No representation is made as to the accuracy of any information furnished. |
914.725.2530 darlenedisisto@melflower.com |